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The Baltimore Gazette, of the 23d instant, has been received. The following is a summary of the news:

The army of the Potomac.

The latest advices from the Army of the Potomac indicate that active preparations are being made in view of the commencement of the campaign. Large numbers of the sick have already been transferred to Washington from the hospitals in front, and all the sutlers, twenty eight hundred in number, have left the army, in accordance with orders to that effect. An addition of 15,000 beds is about to be made to the present hospital accommodations at Washington, and, finally, Gen Grant has established his headquarters in the field.

Deserters from the army of Gen Lee report that his whole force on the Rapidan does not exceed sixty thousand men, divided among two army corps, but that reinforcements were constantly reaching him. Longstreet is said to be moving from Charlottesville with 12,000 of the troops he had with him in East Tennessee, in the direction of Staunton — his supposed intention to march down the Shenandoah Valley. Among the reinforcements on their way to join Lee are 12,000 new recruits from Mobile. The deserters further state that some days ago seven days rations were issued to Lee's army, and that it was currently believed his intention was to commence a forward movement.

The Red river expedition.

A telegram from Cairo, dated the 21st instant, says:

‘ Advices from Grand Ecore, Red river, to the morning of the 15th, have been received. The battle on the 8th was fought at the Sabine Cross Roads. The rebels were commanded by Gens. Magrude, Holmes, and Taylor, all under Gen Kirby Smith.

’ The rebel loss in the first day's fight is placed at fifteen hundred.

The second day's fight was at Pleasant Hill, where, as previously stated, the enemy was most gloriously routed and driven from the field by our forces under Gen. A. J. Smith, Gen Banks commanding in chief.

The enemy's loss is heavy, and at least two to our one. Among their killed were Gens Mouton and Parsons.


Gold is again higher — the closing rate at 10 P. M on the 22d, at Gallagher's Exchange, being 175. The New York World says:

Mr. Chase has sold all his surplus gold, and it is evident to any business man who will take the trouble to examine into this matter that he will be compelled to buy gold before the year is out in order to pay the interest in coin on the public debt.

European items.

The Attorney General made explanations as to the commission sent to Egypt to take evidence as to Laird's rams, and the commission was returnable on the 12th May, when the Crown would proceed with the case with all possible dispatch.

Garibaldi enters London on the 11th. It is believed the demonstrations will be unparalleled. Lord Palmerston will give him a banquet.

All the difficulties as to the Mexican Crown are adjusted. Maximilian receives a deputation on the 10th to formally accept it, and sails on the 13th for Mexico.

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